Does logistics management and supply chain management mean the same thing?
Does logistics management and supply chain management mean the same thing?
No. Logistics is actually a part of supply chain management. Supply chain management involves other activities like coordinating as well as collaborating with both customers and suppliers, matching the demand with the supply,flow of products, services, information, and finances while logistics management entails the movement and storage of products and services to add value via transformation of time and place. As such logistics is more about being able to look into the facilities, transportation, inventory, materials, order fulfillment, communications, third-party relations, and information within the firm thereby creating competitive advantage through value addition to customers.